Illinois Compiled Statutes 40 ILCS 5/1-101.3 – Party in interest
Current as of: 2024 | Check for updates
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A person is a “party in interest” with respect to a pension fund or retirement system established under this Code if the person is:
(1) a fiduciary, counsel, or employee of the pension
(1) a fiduciary, counsel, or employee of the pension
fund or retirement system, or a relative of such a person;
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(2) a person providing services to the pension fund
or retirement system, or a relative of such a person;
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(3) an employer, any of whose employees are covered
by the pension fund or retirement system;
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(4) an employee organization, any members of which
are covered by the pension fund or retirement system; or
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(5) an employee, officer, or director (or an
individual having powers or responsibilities similar to those of an officer or director) of the pension fund or retirement system or of a person described under item (2), (3), or (4) of this Section.
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/1-101.3
- Fiduciary: A trustee, executor, or administrator.